Exam (elaborations)
MSIS 3223 Quizzes/115 Questions and Answers
- Course
- Institution
MSIS 3223 Quizzes/115 Questions and Answers
[Show more]
Content preview
MSIS 3223 Quizzes/115 Questionsand Answers
False - -Descriptive analytics helps detect hidden patterns in large quantities
of data to group data into sets to predict behavior (T/F).
- False - -A manager at Academy wishes to know the company's revenue
and profit in its previous quarter. Predictive analytics is what the manager
should use for this task (T/F).
- True - -Prescriptive analytics can help a company address the best way of
shipping goods from their factories to minimize costs (T/F).
- False - -Analyzing the problem is the first phase in decision making (T/F).
- True - -Product mix is determined by top managers (T/F).
- True - -A deterministic model is one in which all model input information is
either known or assumed to be known with certainty (T/F).
- True - -The demand for professionals with analytics expertise has
skyrocketed (T/F).
- True - -Modern business analytics can be viewed as an integration of
Business Intelligence, Information Systems, statistics, and modeling and
optimization (T/F).
- True - -Statistics has a long and rich history, yet only rather recently has it
been recognized as an important element of business, driven to a large
extent by the massive growth of data in today's world (T/F).
- True - -Decision models typically have three types of input: Data,
uncontrollable inputs, and decision options (T/F).
- True - -AND(condition 1, condition 2...) is a logical function that returns
TRUE if all conditions are true and FALSE if not (T/F).
- True - -The Pareto principle is often called the "80--20 rule" (T/F).
- False - -The filter tool extracts records meeting the specified criteria,
deleting any records that don't match the criteria (T/F).
- True - -Three useful logical functions in business analytics applications are
IF, AND, and OR followed by conditions in parentheses (T/F).
, - True - -Form controls are buttons, boxes, and other mechanisms for
inputting or changing data on spreadsheets easily and used to design user-
friendly spreadsheets (T/F).
- True - -PivotTables may be used to facilitate data visualization and
statistical analysis of data sets (T/F).
- False - -Excel has a tool called 'dicers' for drilling down data in a
PivotTable to display as subject of that data (T/F).
- True - -A database is a collection of related files (tables) containing
records on people, places, or things (T/F).
- False - -Empirical data is data that comes from an organization's daily
operations (T/F).
- True - -A data set is simply a collection of data (T/F).
- True - -Dashboards may include tabular as well as visual data to help a
manager to quickly locate key information (T/F).
- True - -Excel distinguishes between vertical and horizontal bar charts,
calling the former column charts and the latter bar charts (T/F).
- True - -Line charts provide a useful means for displaying data over time
(T/F).
- True - -A bubble chart is a type of scatter chart that provides a way to plot
three variables in two dimensions (T/F).
- True - -Color scales shade scales based on their numerical value using a
color palette. This is an option in the Conditional Formatting menu (T/F).
- True - -Data visualization is the process of displaying data in a meaningful
fashion to provide insights that will support better decisions (T/F).
- False - -An area chart combines the features of bubble charts with those of
line charts (T/F).
- True - -Radar charts show multiple metrics on a spider web (T/F).
- True - -Data bars display colored bars that are scaled to the magnitude of
the data values (similar to a bar chart) but placed directly within the cells of
range (T/F).
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nursephil2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now